Federal Aviation Administration Extension Act of 2010

Public Law 111-153Federal Aviation Administration Extension Act of 2010by the [[Portal:Acts of the United States Congresses/Acts of the 111th United States Congress|111th Congress of the United States]]

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111TH UNITED STATES CONGRESS2ND SESSION

An ActTo amend the Internal Revenue Code of 1986 to extend the funding and expenditure authority of the Airport and Airway Trust Fund, to amend title 49, United States Code, to extend authorizations for the airport improvement program, and for other purposes.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

‘‘(7) $2,333,333,333 for the 7-month period beginning on October 1, 2009.’’.

(2) Obligation of amounts.—Sums made available pursuant to the amendment made by paragraph (1) may be obligated at any time through September 30, 2010, and shall remain available until expended.

(3) Program implementation.—For purposes of calculating funding apportionments and meeting other requirements under sections 47114, 47115, 47116, and 47117 of title 49, United States Code, for the 7-month period beginning on October 1, 2009, the Administrator of the Federal Aviation Administration shall—

(A) first calculate funding apportionments on an annualized basis as if the total amount available under section 48103 of such title for fiscal year 2010 were $4,000,000,000; and

(B) then reduce by 42 percent—

(i) all funding apportionments calculated under subparagraph (A); and

(ii) amounts available pursuant to sections 47117(b) and 47117(f)(2) of such title.

(b) Project Grant Authority.—Section 47104(c) of such title is amended by striking ‘‘March 31, 2010,’’ and inserting ‘‘April 30, 2010,’’.